Trump's 50% tariff just put India's $87 billion exports at risk
Key Points
- Russia is selling India oil at discounted prices while Trump...
Russia is selling 40% of India's oil at discount prices, and Donald Trump is having none of it. The President just slapped another 25% tariff on Indian goods, stacking it on top of the existing 25% to create a perfectly round 50% punishment rate that would make even medieval tax collectors blush.
New Delhi called the tariffs "unjustified," which is diplomatic speak for "seriously, what the hell?" India has been buying discounted Russian crude since 2022, saving roughly $3.5 billion annually compared to other suppliers. That's the kind of bulk discount that makes Costco memberships look quaint...
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